WEBVTT TV 11 FOLLOWING 11 NEWS AT 9:00 A.M. LOWELL: JOINING US TO ANSWER YOUR TAX QUESTION IS PAM KING SMITH OF KING, KING AND ASSOCIATES. WE HAVE A LOT TO GET TO IT. WE'LL DIVE RIGHT IN. HERE'S MY FIRST LETTER, I'M TRYING TO DO MY TAX RETURN ON TURBO TAX AND BEING PROMPT ODD ENTER MY TAX LIABILITY FROM MY 2013 MARYLAND RETURN. I CANNOT LOCATE MY 2013 RETURN. WHAT SHOULD I ENTER? PAM: BASICALLY YOU CAN ENTER THIS YEAR'S LIABILITY IF YOU CAN'T FIND LAST YEAR'S. THEY'RE PROMPTING YOU JUST BECAUSE IT GOES INTO -- IF YOU OWED, THEY WERE TRYING TO SEE IF YOU HAD TO -- IF YOU HAVE A PENALTY. IF YOU HAVE A REFUND, THAT ENTRY WILL NOT AFFECT YOUR REFUND WHATSOEVER. IF YOU CAN'T FIND IT, JUST PUT IN THIS YEAR'S LIABILITY AND JUST KEEP MOVING. LOWELL: OUR NEXT QUESTION IS IT YOU ARE RECEIVING SSI OR SSDI, CAN YOU FILE TAXES? PAM: BASICALLY IT'S SOCIAL SECURITY INCOME IS NOT TAXABLE TO YOU SO THERE'S NO REASON TO FILE A RETURN SO THERE WOULD BE NO REFUND OR TAX LIABILITY SO YOU DON'T HAVE TO FILE A RETURN IN YOUR ONLY INCOME IS SSI OR SSDI. LOWELL: MY DAUGHTER'S MOM PASSED AWAY IN NOVEMBER OF 2014. MY DAUGHTER WAS LIVING WITH HER MOM UNTIL THE TIME OF HER DEATH. AFTER WHICH SHE CAME TO LIVE WITH ME. I'M HER DAD. AND AM I ENTITLED TO CLAIM MY DAUGHTER ON MY TAX RETURNS? PAM: UNFORTUNATELY NOT. AS THE MOM, THE CUSTODIAL PARENT, SHE PROVIDES MORE THAN 50% OF THE DAUGHTER'S SUPPORT SO SHE WOULD STILL BE ABLE TO CLAIM THE DAUGHTER ON HER FINAL RETURN. SOMEONE HAS TO FILE A RETURN FOR THE MOM FOR 2014. AND IN 2015, THEN, THE DAD CAN CLAIM THE DAUGHTER BECAUSE SHE'S NOW GOING TO BE LIVING WITH HIM. LOWELL: SO WAIT A YEAR. PAM: BECAUSE HE DIDN'T PROVIDE MORE THAN 50% OF THE SUPPORT BECAUSE THE MOM DIDN'T PASS UNTIL NOVEMBER AND SHE PROVIDED THE SUPPORT FOR THE DAUGHTER FOR MOST OF THE YEAR. LOWELL: HERE'S A QUESTION ABOUT STOCK OPTIONS. I WAS GIVEN A FORM 3922 FROM WORK FOR STOCK OPTIONS WE EXERCISED LAST YEAR. I CANNOT FIGURE OUT, THOUGH, WHERE TO -- WHERE OR HOW TO FILE THIS FORM FROM RESEARCH ONLINE. OTHERS MADE IT SEEM LIKE THIS IS ALREADY ACKNOWLEDGED IN MY W-2 AND REPORTED ON THE 1040. IS THIS CORRECT OR IS THERE ANOTHER FORM I NEED TO FILL OUT? PAM: WHEN YOU GET THIS 3922, ON YOUR W-2 LOOK FOR THE CODE V IN BOX LIKE 12 OR SOMETHING AND THE EMPLOYER WILL NORMALLY PUT THAT ON YOUR W-2 ALREADY, GROSS IT UP FOR THE TAXES THAT WILL BE OWED SO YOU DON'T HAVE TO DO ANYTHING WITH THAT 3922 FORM, IT'S NOT ANOTHER FORM THAT GOES ON THE 1040, IT IS USUALLY ALREADY ON YOUR W-2 AND SO YOU CAN JUST GO ON WITH FILING THE REST OF THE RETURN. LOWELL: UNFORTUNATELY WE'VE RUN OUT OF TIME. WE HAVE SO MANY MORE. PAM: WE'LL BE HERE NEXT WEEK. LOWELL: IF WE DIDN'T GET TO YOUR QUESTION THIS IS WEEK, WE'LL ANSWER NEXT MORNING. WE WILL ANSWER IT NEXT WEEK. SO KEEP THEM COMING. YOU CAN EMAIL TAX QUESTIONS DIRECTLY TO TAXQUESTIONS @WBALTV.COM OR GO TO OUR WEBSITE AT WBALTV.COM AND CLICK ON "CONSUMER ALERT." IF YOU'D LIKE TO GET IN TOUCH WITH THE KINGS, CALL 410-486-4500. YOU ALSO CAN CHECK OUT THEIR WEBSITE AT WWW.KINGKING.COM. AND STAY WITH US. THE SPCA JOINS US WITH A PET LOOKING FOR A GOOD HOME.